Viper Energy Ut (VNOM)

Receivables turnover

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Revenue (ttm)	US$ in thousands	836,400	920,052	864,131	827,697	826,610	754,987	833,522	866,467	828,629	735,016	609,844	504,917	415,453	350,391	268,910	250,626	267,014	275,860	315,385	298,283
Receivables	US$ in thousands	—	—	—	813	—	—	83,038	81,657	94,215	122,444	98,500	68,568	47,133	42,011	41,791	32,210	32,108	32,118	37,960	58,089
Receivables turnover		—	—	—	1,018.08	—	—	10.04	10.61	8.80	6.00	6.19	7.36	8.81	8.34	6.43	7.78	8.32	8.59	8.31	5.13

September 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $836,400K ÷ $—K
= —

The receivables turnover ratio measures how effectively a company is able to collect on its credit sales during a specific period. A higher receivables turnover indicates a more efficient collection process, while a lower turnover suggests potential issues with collecting outstanding receivables.

Looking at the historical data for Viper Energy Ut's receivables turnover, we can observe fluctuations in the ratio over the past few years. There was a significant increase in the receivables turnover from March 2022 to March 2023, indicating an improvement in the company's collection efficiency during that period.

However, the receivables turnover ratio dropped in the subsequent quarters, suggesting a potential slowdown in collections. It is noteworthy that there was a sharp increase in receivables turnover from December 2023 to March 2024, reaching a high of 1,018.08. This exceptionally high turnover may indicate a specific event or adjustment impacting the receivables collection process during that quarter.

Overall, analyzing Viper Energy Ut's receivables turnover trend shows varying levels of efficiency in collecting outstanding receivables. It would be essential for the company to monitor and manage its receivables effectively to maintain a healthy balance between credit sales and timely collections.